Commodities Company

LOI - Letter of Intent

Als LOI - Absichtserklärung - werden Willenserklärungen von Verhandlungspartnern verstanden, die das Interesse an Verhandlungen oder am Abschluss eines Vertrages bekunden sollen.
Die Erklärungen werden von einem oder von mehreren Verhandlungspartnern abgegeben. Die Rechtsverbindlichkeit der einzelnen Regelungen ist klar zu regeln und gegebenenfalls durch Auslegung zu ermitteln.
Insbesondere im Vorfeld von komplexen Unternehmenskäufen, oder anderen zeitaufwendigen Transaktionen stellen die potenziellen Käufer oft einen Letter of Intent aus.
Vor Beginn oder während der laufenden Verhandlungen soll hiermit die Ernsthaftigkeit der Gespräche und der Wille zum Abschluss eines entsprechenden Vertrages dokumentiert werden.
Keinesfalls sollen Absichtserklärungen einen Anspruch auf Abschluss des beabsichtigten Vertrages begründen, aus dem möglicherweise eine Schadensersatzpflicht erwächst.
Vielmehr soll ein jederzeitiger Abbruch der Verhandlungen ohne Angabe von Gründen möglich bleiben.

SAMPLE - MUSTER
HINWEIS: BITTE KOPIEREN UND IN DAS BRIEFPAPIER DES KUNDEN EINFÜGEN (KUNDE IST DER AUSSTELLER DES L/C)
NOTE: PLEASE COPY AND PASTE ON BUYERS LETTERHEAD (BUYER MEANS THE ISSUER OF THE L/C)
__________________________________________________________________________

Liepke Consulting
Kurt-Schumacher-Ring 20
D-30627 Hannover

LETTER OF INTENT
Valid for 14 consecutive days

We, xxxx, hereby state and represent that we hereby confirm with full legal and corporate responsibility under penalty of perjury that we are Ready, Willing and Able to purchase the following commodity as per the specification and in the quantity and for the price and terms of payment as specified in the terms and conditions as stated below.

COMMODITY
Refined white sugar [sample for sugar. Beispiel für Zucker]

SPECIFICATION
ICUMSA 45 RBU [sample for sugar. Beispiel für Zucker]

QUANTITY
Monthly requirement:xxxx MT
Annual requirement: xxxx MT
Total requirement: xxxx MT
Duration of contract: xxxx months

TARGET PRICE:XXXXUSD
SHIPPING TERMS/INCOTERMS: xxxx
DELIVERY TIME: Up to 30-45 days from date of sellers receipt of the acceptable operative payment instrument.
DESTINATION PORT/S: xxxx
DISCHARGE RATE: xxxx
DELIVERY SCHEDULE: Due with return of final signed hard copies of contract.

PAYMENT TERMS
TT against shipping documents in loading port. As security for the buyer: Escrow Account by German Bank. [sample. Beispiel]

PROCEDURES AND TERMS
1. Buyer sends LOI
2. Seller sends FCO
3. Seller issues draft contract to the buyer for comments and acceptance, the buyer signs, seals and return the contract
4. Within five banking days after the final hard copy contract signature, the buyer transfers the payment equivalent to the shipment for 2 months as guarantee into the Escrow Account run and controlled by German Bank.
5. Payment shall be by TT against shipping documents in loading port.
6. All terms of delivery shall be governed by the contract terms

NOTE: The seller may elect to proceed to step 3 and issue draft contract in lieu of issuing an FCO for efficiency.

BANK DETAILS

THE BUYER:
Address:

Issuing bank:
Branch code:
Full address:
Account number:
Account name (Holder):
Bank officer:
Phonenumber:
Faxnumber:
E-mail :
Swift code:
Country:

CONFIRMING PRIME BANK

Bank name:
Zip code:
City:
Country:
Swift code:

The buyer is aware that this LOI is being issued on (Date) xxxx be presented to the sellers representative, is the only current active LOI for the contract supply.
The buyer is of the understanding that any and all offers and / or contracts are subject to successful seller verification of funds and that said seller thus has written permission to conduct a soft probe of the buyers account.

Date: xxxx

Sincerely,

Signature Seal

BUYERS NAME + TITLE Of COMPANY

__________________________________________________________________________

NOTE: THAT WITHOUT EXCEPTION THE CONFIRMING PRIME BANK MUST BE A TOP 50 WORLD BANK AND MUST BE INCLUDED BEFORE DRAFT CONTRACT CAN BE ISSUED. THE ISSUING BANK MAY BE THE SAME BANK AS THE TOP 50 CONFIRMING BANK.

© Liepke Consulting